Ethereum (ETH) Price Forecast This Week: Bulls Eyeing Breakout or Correction Ahead?
Ethereum’s price action is heating up—will this week deliver the breakout or the pullback traders are watching for?
Key levels to watch: ETH’s resilience above $3,000 has bulls betting big, but macro risks lurk. The Fed’s next move could throw a wrench in crypto’s momentum—because nothing screams 'decentralized' like hanging on Powell’s every word.
Technical outlook: RSI flirts with overbought territory while volume hints at accumulation. If ETH holds support, a retest of the 2025 high ($4,200) isn’t off the table. But with leverage at ATHs, one whale sell-off could trigger cascading liquidations.
Closer: Whether you’re stacking sats or waiting for a dip, this week’s price action will separate the diamond hands from the paper-handed tourists.
1. Bulls Eye the ATH
The last time ETH was this high in price it was 2021. This is a major signal to the market that buyers mean business and are ready to take this cryptocurrency much higher. The prime target right now is the all-time high at $4,862. Once that is broken, ETH can enter price discovery.
2. Bulls Dominate the Chart
Since April, the cryptocurrency entered a strong uptrend that only saw brief corrections before continuing. In early August, sellers tried to keep ETH under $4,000, but were eventually defeated which allowed the price to break that resistance and MOVE higher. The $4,000 level is now acting as a key support should sellers return.
3. Clear Uptrend on Weekly MACD
A look at the weekly MACD shows a steady uptrend with no signs of a possible reversal. As long as the MACD histogram continues to make higher highs, this rally will continue. Moreover, the moving averages are expanding, which gives a bullish bias. In light of this, ethereum is on a collision course with its ATH at $4,862.
